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Updated 19 days ago on . Most recent reply

User Stats

15
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4
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Lili Garcia
  • Lancaster, CA
4
Votes |
15
Posts

Advice on winning R.E offer against investors

Lili Garcia
  • Lancaster, CA
Posted

Hello BP pals,

I am trying to purchase a home for my family and and will be sharing with my parents. Because we need a little bit more bigger lot than average, I often find myself competing with Real Estate Investors in my area. I noticed a pattern that includes investors waving inspection, other contingencies and offering at 7 day closing. It seems sellers are willing to bring the price down sometimes because it's more appealing to have a shorter closing time and no contingencies. I am just trying to purchase a home for ny family , so of course I would like to do an inspection and the traditional 21 day closing. Although the bidding price is pretty competitive, I often loose the offer because of a contingencies. Aside from doing my own inspection when permitted by the seller and gambling that money on a property. Anybody has any suggestions? I'm also considering foreclosures however, all Realtors that I has spoken to so far, are not inclined to help me with this and or don't have experience. It seems that the easier route is to go with MLS for sale listings and to settle with a smaller lot. Because I know that we will need a lot of 10,000sqf or larger I need to keep those parameters. So far I have found four properties but competing against investors is not easy thus far. Thanks!

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